PJM issued a comprehensive report on its response to the historic power demand during winter’s deep freeze, adding nine proposed recommendations for action to five initiatives already underway.
The brutal winter weather boosted earnings for many PJM companies in the first quarter, even while some were absorbing huge costs from strategy shifts.
Stakeholders approved a rule change to the PJM zonal base load definition so that zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events.
Stakeholders approved two initiatives to improve demand response measurement and verification.
PJM members approved rule changes to reduce “adder” payments to frequently mitigated generation units (FMUs), after rejecting a joint proposal from the RTO and the Market Monitor.
Acknowledging they were taking “a leap of faith,” stakeholders last week endorsed PJM’s plan for cutting uplift and capturing reserve costs in energy prices.
News briefs on companies in PJM Interconnection; this week featuring PSEG, Exelon, Commonwealth Edison, FirstEnergy and Dominion.
By David Jwanier
With PJM planners nearing a proposed fix for the Artificial Island stability problem, the issue of who will pay for the project took center...
PJM yesterday opened the 2017/2018 Capacity Auction amid modest hopes among generators that the RTO’s rule changes will cause a rebound in prices.
Our summary of the issues scheduled for votes at the PJM Members Committee meeting on 05/15/14. Each item is listed by agenda number and description, followed by a summary of the issue.
